HOME Research Insight Market Leader - Enteral Feeding Devices Market

Market Leader - Enteral Feeding Devices Market

The global enteral feeding devices market is projected to reach USD 3.19 Billion by 2022 from USD 2.39 Billion in 2017, at a CAGR of 6.0%. This market is consolidated in nature with the presence of many local, regional, and global players. The companies in this market are mainly focusing on expansions and acquisitions to strengthen their product offerings and establish a strong geographical foothold. In 2016, the top six players accounted for 60% of the global market with Nestle (Switzerland) and Medtronic (Ireland) dominating the market.

Nestlé dominated the enteral feeding devices market in 2016. The company is a leading manufacturer of enteral feeding formulas and devices and supplies its products directly to hospitals and healthcare facilities. The company’s enteral feeding products range helps address a wide range of health conditions—from pediatric allergies to inborn errors of metabolism as well as from obesity to malnutrition among the elderly. The company has grown at a steady pace in this market with the help of various organic and inorganic growth strategies. In line with this, the company collaborated with players like GE Healthcare (UK) and Flagship Ventures (US) to bring about innovation in the clinical nutrition sector. Nestlé’s strong market position can be attributed to its operations in 191 countries, with 442 factories in 86 countries across most geographies. The company focuses on expanding its business as well as strengthening its production capabilities to enhance its market position.

Medtronic held the second position in the enteral feeding devices market in 2016. Moreover, the company is growing at a rapid pace in this market. The acquisition of Covidien Plc in January 2015 alleviated Medtronic’s position in the global medical devices market, bringing an extensive range of products under one roof. The company offers a comprehensive portfolio of enteral feeding devices, such as enteral feeding pumps, neonatal & pediatric feeding systems, adult nasogastric feeding tubes, gastrointestinal products, enteral access products, and ENFit connectors. The revenue generated from the company’s enteral feeding devices segment is expected to grow in the near future owing to the brand recognition of its devices (Kangaroo enteral feeding pumps) and the successful implementation of organic and inorganic growth strategies. The company’s key growth strategies, such as the expansion of existing production facilities and strengthening of R&D capabilities, have helped it to maintain its position in this competitive market. It intends to strengthen its presence in emerging healthcare markets such as India, China, Brazil, and Turkey to garner a greater market share in the upcoming years.

Some of the other players competing in this market are Fresenius Kabi (Germany), Halyard Health (US), B. Braun (Germany), Abbott (US), Danone (France), Cook Medical (US), C.R. Bard (US), Boston Scientific (US), Moog (US), Vygon (France), CONMED (US), and Applied Medical Technology (US).

Related Reports:

Enteral Feeding Devices Market by Type (Feeding Pump, Feeding Tube, Giving Set, Enteral Syringes), Age Group (Adult, Pediatric), Application (Oncology, Gastroenterology, Diabetes), End User (Hospital, Home Care) - Global Forecast to 2022

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